Goldman Sachs had lowered the forecast for the dollar against the euro and yen

Goldman Sachs believes in a weak dollar

In brief: Goldman Sachs sees no reason to trust the bulls on the dollar.

Goldman Sachs lowered the forecast for the dollar against the euro and the yen, citing the economic slowdown in the U.S. and the delivery of a “pretty strong” data from Europe.

Analysts said the bank, the yen is poised to continue to consolidate because of the low probability of intervention by the Bank of Japan, and 6 – and 12-month forecast for the euro is $ 1.35 and $ 1.38, respectively (against a previous forecast of $ 1.15 and $ 1.25). Similar expectations of dollar / yen amount to Y83 and Y90.

Ukrainian Globalist
2010-07-18 15:21, Currency news.

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